"Hinge Health went public in a significant moment for the digital health market, with shares surging to over $39, marking a 23% rise from its IPO price."
"Hinge Health's IPO yielded a $2.6 billion valuation at $32 per share, though its market cap climbed to approximately $3 billion on the first trading day."
Hinge Health, a startup specializing in virtual care for musculoskeletal conditions, made its public debut with shares soaring to over $39, reflecting a 23% increase from its initial offering price of $32. The $32 IPO valued the company at approximately $2.6 billion, but post-debut, its valuation rose to around $3 billion. This transition comes after a period of limited healthcare IPOs, and while the valuation represents a decline from its previous $6.2 billion mark, it signals renewed investor interest in digital health solutions.
Read at Business Insider
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